Wednesday, October 19, 2011 9:30:50 AM
Counter argument can be made, that most people here know enough of the bad facts about EGOH, and the technicals on the chart show strong, rising support at the higher lows, in spite of a large increase in share count this year, which means that smart money is and has been accumulating here at the low sell offs on each cycle up and down for some reason.
What you may be missing is that many of the longs here know some people in the industry that have done some serious DD, that are buying and holding, and many of us are long because they are in the stock. Also EGOH has held up very well the last 3 months while many other stocks have gotten hammered. Oddly enough my EGOH shares I bought at the bottom have outperformed my AA shares the last 4-5 months.
What you may be missing is that many of the longs here know some people in the industry that have done some serious DD, that are buying and holding, and many of us are long because they are in the stock. Also EGOH has held up very well the last 3 months while many other stocks have gotten hammered. Oddly enough my EGOH shares I bought at the bottom have outperformed my AA shares the last 4-5 months.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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